Tencent's Riot Games to lay off over 500 workers
Image Credit: barrons
Riot Games, the Los Angeles-based online gaming company behind hits like League of Legends, is set to lay off 530 employees. This constitutes about 11% of its global workforce. In a blog post featuring a letter from CEO Dylan Jadeja, it was revealed that the layoffs will mainly affect teams not involved in core development. Riot Games, a subsidiary of Tencent Holdings, has been struggling with a lack of "focus" and too many ongoing projects.